The Business Cycle and Unemployment: Empirical Evidence from the Visegrad Group Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001426" target="_blank" >RIV/47813059:19520/11:#0001426 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Business Cycle and Unemployment: Empirical Evidence from the Visegrad Group Countries
Original language description
The paper deals with a relationship between the economic cycle and unemployment in the Visegrad group countries. The paper examines the causes of the economic crisis and its consequences on the labor market. Quarterly Eurostat and OECD data were used forthe analysis of labor market performance. We also used the Beveridge curve which implicitly depicts a negative relationship between the rate of unfilled job vacancies and the unemployment rate and so it can properly link related creation of new job vacancies and the unemployed. Another finding is that shifts of individual Beveridge curves correspond to shifts of the theoretical Beveridge curve. In the last part of the paper, the Johansen test and the Error Correction Model were applied on 2000-2010 data to examine cointegration between the number of the unemployed labor force and output. On the basis of the unit root test, we found that in all countries, both variables are stationary except for their first differences.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GP402%2F09%2FP142" target="_blank" >GP402/09/P142: Institutional labour market framework in the context of economic convergence and adopting single currency (application on Visegrád group)</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Mathematical Models and Methods in Applied Sciences
ISSN
1998-0140
e-ISSN
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Volume of the periodical
5
Issue of the periodical within the volume
3
Country of publishing house
US - UNITED STATES
Number of pages
9
Pages from-to
679-687
UT code for WoS article
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EID of the result in the Scopus database
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